Mervyn Davies Britain's trade minister
15-01-2009
The chairman of Standard Chartered Bank, Mervyn Davies, has been appointed Britain's trade minister. The bank said he had stepped down from his position at the financial institution, following his appointment. Deputy chairman John Peace has been named as acting chairman - pending the naming of a full-time replacement. Mr Davies joined the group in 1993. He served as director and then chief executive officer - from 2001 to 2006. He's been credited with making inroads into markets in Asia, Africa and the Middle East.
